Business
QYOU Media Reports $5.7 Million Revenue in Q4 2021
QYOU Media Reports $5.7 Million Revenue in Q4 2021 Canada NewsWire Re...
About this update from Qyou Media, Inc.
[{"type":"text","content":"\n \n \n \n QYOU Media Reports $5.7 Million Revenue in Q4 2021\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Record Breaking Quarterly Revenue With India and\n \n USA\n \n Business Units Reporting First Ever Positive Adjusted EBITDA\n \n \n \n \n TORONTO\n \n ,\n \n MUMBAI\n \n and\n \n LOS ANGELES\n \n ,\n \n March 10, 2022\n \n /CNW/ - QYOU Media Inc.,(TSXV:\n \n QYOU\n \n OTCQB:QYOUF) a company operating in\n \n India\n \n and\n \n the United States\n \n producing and distributing content created by social media stars and digital content creators,  is reporting preliminary unaudited financial results for the quarter ended\n \n December 31\n \n , 2021.  Highlights include as follows:\n \n \n \n \n \n \n \n \n \n \n \n \n Record Breaking Quarterly Revenue:\n \n \n For the three months ended\n \n December 31, 2021\n \n revenue was approximately\n \n $5.7M\n \n representing a year over year increase of nearly 500% and a quarter over quarter increase of over 20%. Original top end revenue guidance provided on\n \n May 31st\n \n 2021 for Q4 2021 had previously been disclosed as\n \n $4,500,000\n \n .\n \n \n \n \n \n \n Operating Business Units Reach Positive Adjusted EBITDA*:\n \n \n For the first time in company history the business units of both Q India and QYOU\n \n USA\n \n achieved positive Adjusted EBITDA results. Q\n \n India\n \n recorded revenues of\n \n $3,808,682\n \n and Adjusted EBITDA of approximately\n \n $80,000\n \n . QYOU\n \n USA\n \n recorded revenue of\n \n $1,873,643\n \n and Adjusted EBITDA of approximately\n \n $10,000\n \n .\n \n \n \n \n \n \n Net Income (loss)\n \n \n : Net loss for the quarter is approximately\n \n $1,990,00\n \n which includes a loss from operations of approximately\n \n $350,000\n \n and non-cash losses from share based compensation, marketing credits and amortization of approximately\n \n $1,640,000\n \n .\n \n \n \n \n \n \n Use of Cash in the Quarter:\n \n \n Cash on hand as of\n \n December 31, 2021\n \n was\n \n $6,406,476\n \n a...